NFIP Extended Through November 21
The US Congress has passed a bill that will extend the National Flood Insurance Program (NFIP) through November 21, 2019. The program was originally set to expire at midnight on September 30, 2019.
The NFIP extension was included as part of a temporary government funding bill. The US House of Representatives and US Senate both passed the measure last week, and it was signed by President Trump on September 27, 2019.
“NFIP reauthorization is an opportunity for Congress to take bold steps to reduce the complexity of the program and strengthen the NFIP’s financial framework so that the program can continue helping individuals and communities take the critical step of securing flood insurance,” says a statement on the Federal Emergency Management Agency (FEMA) website.
Long-term NFIP reform and reauthorization bills have been introduced in the House and Senate, but so far have not been adopted. The NFIP must retain authorization to continue operation, and any lapse means that FEMA would stop selling and renewing NFIP policies for millions of properties in the US.